10:56MMK posts 2Q 08 and 1H 08 financials
MMK has released its 1H 08 consolidated financials, which show a considerable increase in revenue, but a downturn in margins for all key indicators. A decline in margins against a rise in revenue was generally expected by the market and reflected the plant's input materials insufficiency. MMK's strategy to increase self-sufficiency in raw materials should have a positive impact on the company's financials in future.
10:53Gazprom plans to consolidate generation assets
The merger of all Gazprom’s generation assets into a single legal entity should enable the company to develop these assets in a coordinated way and attract cheaper financing.
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